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From: Benjamin <benjamin.l.cordes@gmail.com>
To: Adam Back <adam@cypherspace.org>
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Subject: Re: [bitcoin-dev] A Proposed Compromise to the Block Size Limit
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I agree that naive scaling will likely lead to bad outcomes. They might
have the advantage though, as this would mean not changing Bitcoin.
Level2 and Lightning is not well defined. If you move money to a third
party, even if it is within the constrained of a locked contract, then I
don't think that will solve the issues. Blockchain does not know about
offchain and moving between offchain and onchain requires liquidity and a
pricing mechanism. That is exactly the problem with side-chains. If you
have off-chain transactions on an exchange, they are ID'ed in their system,
subject to KYC/AML.
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<div dir=3D"ltr">I agree that naive scaling will likely lead to bad outcome=
s. They might have the advantage though, as this would mean not changing Bi=
tcoin.=C2=A0<div class=3D"gmail_extra"><br></div><div class=3D"gmail_extra"=
>Level2 and Lightning is not well defined. If you move money to a third par=
ty, even if it is within the constrained of a locked contract, then I don&#=
39;t think that will solve the issues. Blockchain does not know about offch=
ain and moving between offchain and onchain requires liquidity and a pricin=
g mechanism. That is exactly the problem with side-chains. If you have off-=
chain transactions on an exchange, they are ID'ed in their system, subj=
ect to KYC/AML.</div></div>
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